Infosys Share Price Sparks Market Momentum: Nifty Rises As IT Leads

Nidhi Thakur

July 29, 2026

Key Takeaways

Sensex rose 701.41 points or 0.91% to 77,467.33 and Nifty50 up 204 points or 0.85% to 24,190.40.
Infosys, Larsen & Toubro, and Eternal led the Nifty50 gainers; Nifty MidCap and Nifty SmallCap rose 0.54% and 0.66%, respectively; IT and Chemical outperformed while Realty and Oil & Gas lagged.
Oil prices surged after fresh escalation in West Asia; rupee opened stronger at 95.72 per dollar; GIFT Nifty quoted at 24,234, up 134 points.
Manipal Health Enterprises IPO opens for subscription (₹9,275.22 crore); H.R. Hygiene Products IPO (₹53.94 crore); Poojaa Precision Engg IPO (₹159.83 crore); SME IPOs Propshop Events & Exhibitions (₹28.57 crore) and Advance Technoforge (₹24.03 crore).

Today's session shows a broad-based rebound for Indian equities, with the Infosys Share Price acting as a focal point for the day’s gains. The Sensex rose 701.41 points or 0.91 percent to 77,467.33, while the Nifty50 added 204 points or 0.85 percent to 24,190.40. The broader market followed with the Nifty MidCap and Nifty SmallCap rising 0.54 percent and 0.66 percent respectively, underscoring a constructive risk appetite among retail investors. Sector-wise, the Nifty IT and Nifty Chemical outperformed while the Nifty Realty and the Nifty Oil & Gas lagged behind. Oil prices surged following fresh escalation in West Asia, which may weigh on risk appetite.

In early trade, the Nifty IT and Nifty FMCG indices were the top gainers, each up more than 1 percent. Within the Sensex, L&T and Infosys were the top gainers at open, each up more than 2 percent, with HUL, TCS, M&M and Airtel among notable movers. The Nifty 50 index traded around 24,185, up about 200 points or 0.83 percent, while in pre-open trade the index settled at 24,176. The Sensex meanwhile gained 687.99 points to 77,453. The rupee opened 14 paise stronger against the US dollar at 95.72 per dollar compared with the previous close of 96.86.

Analysts say a decisive close above 24,000 is needed for the bullish momentum to sustain, with HDFC Securities naming NLC India and Dabur India as buy ideas. Focus for Wednesday includes Larsen & Toubro, Asian Paints, Tata Capital, TMPV, ONGC and Netweb Technologies. The GIFT Nifty stood at 24,234, up 134 points. Oil prices' surge remains a key variable for risk appetite in the near term.

On the IPO front, Manipal Health Enterprises IPO opens for subscription today, aiming to raise ₹9,275.22 crore from the primary market. H.R. Hygiene Products IPO is also opening, a book-built issue worth ₹53.94 crore. Poojaa Precision Engg IPO has entered its third day of subscription, with ₹159.83 crore on offer. Two SME IPOs – Propshop Events & Exhibitions (₹28.57 crore) and Advance Technoforge (₹24.03 crore) – are in the final day of subscription.

Q1 results today include a broad list of names such as Asian Paints, Dabur India and many others, underscoring the breadth of activity across sectors. Investors should monitor how these results shape expectations for the next few sessions, particularly in the IT, consumer staples and energy spaces.

For stock-specific depth and tailored insights, Swastika’s Sarthi AI stock assistant Swastika's Sarthi AI stock assistant can tailor analyses for your holdings and watchlists.

Metric	Current Level / Value	Change
Sensex	77,467.33	+0.91%
Nifty 50	24,190.40	+0.85%
GIFT Nifty	24,234	+134 pts
Rupee (INR/USD)	95.72	+0.14

The IPO cadence remains active with Manipal Health Enterprises IPO aiming for ₹9,275.22 crore; H.R. Hygiene Products IPO at ₹53.94 crore; Poojaa Precision Engg IPO ₹159.83 crore; and SME issues Propshop Events & Exhibitions ₹28.57 crore and Advance Technoforge ₹24.03 crore. Key focus stocks in the session included Larsen & Toubro, Asian Paints, Tata Capital, TMPV, ONGC and Netweb Technologies.

Frequently Asked Questions

What were the key market moves today?

Sensex rose 701.41 points or 0.91% to 77,467.33; Nifty50 up 204 points or 0.85% to 24,190.40; GIFT Nifty at 24,234, up 134 points.

Which sectors led the gains and which lagged?

Nifty IT and Nifty Chemical outperformed; Nifty Realty and Nifty Oil & Gas underperformed.

What IPOs were in focus today and their sizes?

Manipal Health Enterprises IPO aims to raise ₹9,275.22 crore; H.R. Hygiene Products IPO ₹53.94 crore; Poojaa Precision Engg IPO ₹159.83 crore; SME IPOs Propshop Events & Exhibitions ₹28.57 crore and Advance Technoforge ₹24.03 crore.

What did analysts say about the Nifty’s key level?

Nifty50 needs a decisive close above 24,000 for bullish momentum to continue; HDFC Securities recommended NLC India and Dabur India for buy ideas.

Where can investors get stock-level insights and stock research?

Swastika's Sarthi AI stock assistant can tailor analyses for your holdings and watchlists.

Conclusion

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Reference :

1 : Business Standard

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